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UAE’s Al Habtoor Preps for New Office in Cairo

UAE-based business conglomerate Al Habtoor Group (AHG) is putting the finishing touches on its newest office in Cairo, which is set for inauguration by year-end.

Informa Markets Sees Hope in Revival of MENA Real Estate

New data released by Informa Markets, organizer of Cityscape’s Real Estate Summit, has revealed that nearly 73% expect Dubai to see the most growth in the hospitality sector over the next two years, as the UAE opens its doors to tourism, with Abu Dhabi, Turkey, Saudi Arabia, and Egypt in tow.

Gov’t Follows up on New Rashid Strategic Plan

Minister of Housing Utilities and Urban Communities Assem El Gazzar has reviewed the general strategic plan for the new city of New Rashid.

Egypt’s Foreign Reserves Increase to USD 38.43 bn

Egypt's foreign reserves have increased to USD 38.425 bn at the end of September 2020 from USD 38.366 bn at the end of August, the Central Bank of Egypt (CBE) announced on October 7.

Egypt’s Startup Scene Attracts USD 130 mn: Experts

Egypt has managed to create a very healthy startup scene to lead Africa’s investment charts in 2019, while also maintaining a good position during the current year, therefore ranking second in the Middle East with USD 130 mn (EGP 2.05 bn) worth of investments.

IGI Awards EGP 60 mn Contract for Ashgar Residence

IGI Real Estate has awarded an EGP 60 mn contract for LMS Construction to carry out building work of phase I of the latter Egyptian developer's integrated urban development in west Cairo, called “Ashgar City."

Elsewedy Electric Wins Institutional Investor’s Award Twice

Egypt-based Elsewedy Electric was ranked third place in the "Most Honored" segment for the second time in the Institutional Investor's 2020 Emerging Europe, the Middle East, and Africa (EMEA) Executive Team survey.

First Group Gears for Phase II of West Cairo’s Kazan Plaza

First Group is on the verge to launch phase II of its commercial/administrative project in west Cairo's Sheikh Zayed, dubbed “Kazan Plaza," following the sell-out of 95% of the first batch of units.

Master Group Sells Out Over 70% of NAC’s The City

Master Group Vice-Chairman Mohamed Mounir has confirmed that more than 70% of the Egyptian real estate developer's flagship project in the New Administrative Capital (NAC), or "The City," has been sold out.

SODIC Awards EGP 1.7 bn Deals to Construct EDNC

Sixth of October for Development and Investment Company (SODIC) has unveiled plans to deliver its newest commercial project in New Cairo, dubbed "EDNC," in the coming year, after awarding over EGP 1.7 bn contracts for construction.

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